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How much should J absorb

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Question - J, L and V are partners sharing profits 30%, 20% and 50% and with capital balances of P350,000, P250,000 and P350,000, respectively. That partners agreed to dissolve their partnership and upon liquidation, all of the partnership's assets are sold and sufficient cash is realized to pay all claims except one for P50,000. V is personally insolvent, but the other two partners are capable for meeting any indebtedness of the firm. Of the remaining claim against the firm, how much should J absorb?

Reference no: EM132576304

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